Coach Them About Investing – Investments are an inevitable part of life. We make an investment each and every day. These need be just monetary ones but philosophical ones as well. We invest in our lives, our loved ones and our work. These investments teach us that a little progress everyday reaps great rewards. Kids must be taught this important life lesson as well. Being a good role-model in this sphere is extremely important as kids learn from parents.

Educate on Basic Investing – Making kids learn that investing is an integral part of saving is very important. One need not introduce them to MoneyControl.Com or anything. Parents just need to involve their kids when opening their bank accounts, telling them about where grown-ups invest their money and how important it will be for them to do the same when they grow older. Do remember that kids will not learn if we merely tell them to invest like we do. Going down to their level and explain in their terms is very important. As each kid relates to different things, parents will have to explain them differently. Also, siblings might not behave in the same way in terms of money. So, if one is spend-thrift and the other is not, do not be harsh with the former. Learning about saving money will indeed take time and being patient is the only way out.